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On the other hand, Trumps tariffs on Canada, Mexico and China have officially taken effect, causing some market corrections. However in my opinion tariff dips are buying opportunities as these policies can be reversed at any time. Tariffs may increase inflation but for some reason the new US administration won’t let the stock market crash.
Also US Treasury Secretary Scott Bessent stated “We’re set on bringing interest rates down” Could we see a surprise rate decision this month?
And we have the Crypto Summit at the White House on March 7th, expecting major bullish announcements especially for BTC, ETH, ADA, XRP and SOL
Bitwise has officially filed for a spot $DOGE ETF with the NYSE, so a meme ETF is becoming a reality as expected.
With all this in play, I’m sticking to my previous BTC chart levels for DCA. The bottom is likely in and the market probably forming a pattern before a major breakout to the upside. That said, risk management is key.